US footwear retailer DSW acquires operations of Camuto for $341m

American footwear and accessories retailer DSW has completed the acquisition of the operations of Camuto Group’s brands for approximately $341m.

Of the total consideration, DSW will provide approximately $238m, which includes $57m for a 40% stake in the intellectual property, and $181m for Camuto Group’s operations.

The operations covered under the deal include Camuto Group’s entire global production, sourcing and design infrastructure, including operations in Brazil and China, a new distribution centre in New Jersey.

“This acquisition allows us to capture more footwear transactions in new points of sale including at our own industry-leading DSW retail network.”

“However, to ensure the health of our business for years to come, we needed to think in the long-term and set a course for greater market share by owning a design and sourcing infrastructure to gain greater control of our product assortment.

“This acquisition allows us to capture more footwear transactions in new points of sale including at our own industry-leading DSW retail network and now in wholesale, brand-owned direct-to-consumer, as well as in licensing and international franchising.”

DSW will now operate Camuto Group as a separate, standalone business under the current management team led by Alex Del Cielo.

It will also continue to maintain existing customer relationships, partnerships and brand direction, as well as assistance, grow the business of its critical wholesale partners.

RECOMMENDED COMPANIES

Learn more

Hover over the logos to learn more about the companies who made this project possible.